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Friday, May 13, 2011

Steve Forbes promotes a return to the Gold Standard if this happens, gold will have to be revalued﻿ to make up for all the dollars printing into existence, gold will go to 15k an ounce easily!!! Gold is true money, Money= a storage of wealth which is portable, scarce/rare, does not spoil or tarnish, and retains its value if not increase in value over long periods of time which would keep﻿ prices down.it also has intrinsic value."China moving in the right direction" China has plastic money backed by silver. Yeah this is totally better than having﻿ brass and zinc money backed by gold.End the Fed

Only the FDR Glass-Steagall principle﻿ will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.

H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called﻿ 'Glass-Steagall Act